Trade.io’s Native Token to Be Accepted as Payment Method by Leading Forex Broker FXPRIMUS

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Trade.io Announces Deal with FXPRIMUSTrade.io, a blockchain-enabled finance platform, is announcing that a leading forex broker will be officially accepting its native token, TIO, as a payment method. This is huge for the community surrounding the project as it gives them access to over 120 tradable Instruments.The broker, FXPRIMUS, will offer Instruments such as forex pairs, commodities, stocks and indices that will significantly increase the utility of the token for token holders. Indeed, the acceptance of TIO will surely act as an added value service by helping to bridge the gap between traditional finance and crypto in general.CEO of trade.io Jim Preissler commented on the deal with FXPRIMUS, explaining the impact it will have on the TIO community :

“One of our many initiatives is to continue to bring utility to TIO. By offering it as a method of deposit to such an industry leader as FXPRIMUS, will allow TIO Holders to experience the excitement of FX & CFD trading. This development also has the potential to significantly increase the size of the TIO community, as we’re exposing TIO to an entirely different asset class.”

It is part of TIO’s nature to allow for frictionless trading given that it is a cryptocurrency fueled by blockchain tech. Thus, it will necessarily allow for relatively cheap transaction fees and instant payment settlements — acting as an automatic clearing house.

Thus, it is a solution to asymmetric information that gives users an improved ability to keep their broker platforms accountable and keep a close eye on prices and price discovery. Furthermore, BTV has a user-friendly interface that helps people to quickly assess their trades and delve into the nitty gritty details of each one ever performed. This obviously improves the current situation as this degree of transparency is unprecedented among Forex brokers.

Additionally, it also offers other services such as token sale consulting services and an angel investment program, with the former being highly demanded according to the startup’s official press release.